Hello,
I made a Roth contribution in 2025 at Fidelity, which is in excess of limits due to my MAGI being too high.
I plan to withdraw the excess plus earnings, prior to tax filing due date. So, when I report in TT my Roth contribution, do I just report the earnings, and not the original amount contributed, or how should this be handled? I fear this would not match the info that Fidelity would provide to the IRS regarding my Roth contribution.
TT does give me the option of reporting a re-characterization of Roth to Regular IRA, but not an option to report a 'timely' withdrawal. (I can't do a re-characterization since I dont have work income).
Also, does TT flag if the Roth Contribution is in excess of IRS limits once all the income numbers are entered (and MAGI calculated)?
Thank-you.
